HIAG with strong operating performance in 2023 financial year – Proved business model in challenging environment

HIAG Immobilien Holding AG / Key word(s): Annual Results/Dividend HIAG with strong operating performance in 2023 financial year – Proved business model in challenging environment 04-March-2024 / 05:55 CET/CEST Release of an ad hoc announcement pursuant to Art. 53 LR The issuer is solely responsible for the content of this announcement. Ad hoc announcement pursuant to Art. 53 LR

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• Property income up to CHF 70.3 million (+3.9%)
• Vacancy rate in the overall portfolio reduced to a record low of 4.0%
• Strong development portfolio largely offsets market-related devaluation in yielding portfolio
• Sale of non-strategic properties and condominiums makes substantial contribution to earnings (CHF 23.4 million; after tax)
• Net income excl. revaluation significantly increased to CHF 48.6 million (+26.7%)
• Sustainability-linked syndicated credit facility strengthens entrepreneurial resilience
• Higher proposed dividend of CHF 3.10/share (+6.9%) reflects positive expectations

Basel, 04 March 2024 - HIAG delivered a strong operating performance in the 2023 financial year in a challenging market environment. All three business segments Site Development, Portfolio and Asset Management and Transactions contributed significantly to the company's success. Rental income increased significantly and vacancy rates were reduced to a record low. Significant increases in the value of the development portfolio made it possible to cushion the interest rate-related devaluation of yielding properties. The sale of non-strategic properties and the sale of condominiums made a substantial contribution to earnings. In the reporting year, HIAG strengthened its financial and entrepreneurial resilience by signing a sustainability-linked, committed, syndicated credit line of CHF 500 million and developing a "Green Financing Framework". The high value that HIAG places on sustainable business activities is reflected in its Sustainability Report, which also takes into account the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and is now published as a stand-alone publication. In light of the good business performance and promising prospects for the future, the Board of Directors will propose a 6.9% higher dividend of CHF 3.10 per share at the Annual General Meeting on 18 April 2024 (2022: CHF 2.90/share).